AmTrust Financial Services, Inc. (AFSI) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its position in AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,697 shares of the insurance provider’s stock after buying an additional 172 shares during the period. Amalgamated Bank’s holdings in AmTrust Financial Services were worth $234,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AFSI. United Capital Financial Advisers LLC boosted its stake in shares of AmTrust Financial Services by 9.3% in the first quarter. United Capital Financial Advisers LLC now owns 45,957 shares of the insurance provider’s stock worth $848,000 after buying an additional 3,902 shares during the period. UBS Group AG boosted its stake in shares of AmTrust Financial Services by 4.7% in the first quarter. UBS Group AG now owns 170,922 shares of the insurance provider’s stock worth $3,155,000 after buying an additional 7,717 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AmTrust Financial Services by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,037,464 shares of the insurance provider’s stock worth $37,612,000 after buying an additional 215,905 shares during the period. Geode Capital Management LLC boosted its stake in shares of AmTrust Financial Services by 3.8% in the first quarter. Geode Capital Management LLC now owns 870,774 shares of the insurance provider’s stock worth $16,074,000 after buying an additional 31,929 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of AmTrust Financial Services by 33.6% in the first quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock worth $159,994,000 after buying an additional 2,181,846 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Shares of AmTrust Financial Services, Inc. (AFSI) traded up 0.51% during mid-day trading on Friday, hitting $13.70. The stock had a trading volume of 1,276,382 shares. The stock has a 50-day moving average price of $15.16 and a 200 day moving average price of $17.46. AmTrust Financial Services, Inc. has a 52 week low of $11.80 and a 52 week high of $28.48. The stock has a market cap of $2.68 billion, a P/E ratio of 13.31 and a beta of 1.16.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts forecast that AmTrust Financial Services, Inc. will post $1.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is 51.13%.

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A number of brokerages have weighed in on AFSI. TheStreet lowered AmTrust Financial Services from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. Compass Point reaffirmed a “buy” rating and issued a $22.00 target price (down from $26.00) on shares of AmTrust Financial Services in a research report on Tuesday, May 30th. JMP Securities assumed coverage on AmTrust Financial Services in a research report on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, BidaskClub raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.50.

In other news, SVP Stephen Ungar sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $13.92, for a total transaction of $69,600.00. Following the completion of the transaction, the senior vice president now owns 175,256 shares of the company’s stock, valued at $2,439,563.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 50.80% of the stock is currently owned by corporate insiders.

About AmTrust Financial Services

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

Institutional Ownership by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

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